Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) SVP Andrew Cappotelli sold 1,717 shares of Paylocity stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $176.74, for a total transaction of $303,462.58. Following the completion of the transaction, the senior vice president now directly owns 11,953 shares of the company's stock, valued at $2,112,573.22. The trade was a 12.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Paylocity Price Performance
PCTY traded up $2.40 on Friday, reaching $179.56. 545,189 shares of the company's stock were exchanged, compared to its average volume of 456,672. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The stock's fifty day moving average price is $188.91 and its 200-day moving average price is $194.42. Paylocity Holding Corporation has a twelve month low of $129.94 and a twelve month high of $223.80. The stock has a market cap of $9.92 billion, a PE ratio of 44.78, a P/E/G ratio of 3.61 and a beta of 0.53.
Paylocity (NASDAQ:PCTY - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.34. Paylocity had a net margin of 14.65% and a return on equity of 22.90%. The company had revenue of $454.55 million for the quarter, compared to the consensus estimate of $441.77 million. During the same period in the previous year, the firm earned $2.21 earnings per share. Paylocity's quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current year.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Raymond James Financial reiterated an "outperform" rating and issued a $235.00 target price (down previously from $265.00) on shares of Paylocity in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 target price on shares of Paylocity in a research report on Friday, May 2nd. UBS Group lifted their target price on shares of Paylocity from $195.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and issued a $258.00 target price (up previously from $254.00) on shares of Paylocity in a research report on Friday, May 2nd. Finally, BMO Capital Markets lifted their target price on shares of Paylocity from $210.00 to $226.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $224.75.
Check Out Our Latest Report on Paylocity
Hedge Funds Weigh In On Paylocity
A number of institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Paylocity by 0.5% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,603 shares of the software maker's stock worth $1,916,000 after purchasing an additional 49 shares during the period. Bessemer Group Inc. raised its stake in shares of Paylocity by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 19,118 shares of the software maker's stock valued at $3,813,000 after acquiring an additional 51 shares during the period. Associated Banc Corp raised its stake in shares of Paylocity by 4.5% in the 1st quarter. Associated Banc Corp now owns 1,207 shares of the software maker's stock valued at $226,000 after acquiring an additional 52 shares during the period. Cresset Asset Management LLC raised its stake in shares of Paylocity by 2.4% in the 1st quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker's stock valued at $490,000 after acquiring an additional 62 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Paylocity by 29.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 274 shares of the software maker's stock valued at $55,000 after acquiring an additional 63 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.
About Paylocity
(
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Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.
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